Capital Group Core Equity ETF (NYSEARCA:CGUS) Sets New 12-Month High – Here’s Why

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $36.45 and last traded at $36.33, with a volume of 188511 shares traded. The stock had previously closed at $36.07.

Capital Group Core Equity ETF Stock Performance

The stock’s fifty day simple moving average is $35.57 and its two-hundred day simple moving average is $34.38. The stock has a market capitalization of $3.00 billion, a P/E ratio of 26.52 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CGUS. Stonebridge Financial Group LLC bought a new position in shares of Capital Group Core Equity ETF during the fourth quarter worth about $41,000. Geneos Wealth Management Inc. increased its position in Capital Group Core Equity ETF by 111.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,173 shares of the company’s stock valued at $76,000 after purchasing an additional 1,143 shares during the period. JPMorgan Chase & Co. raised its holdings in Capital Group Core Equity ETF by 944.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,934 shares of the company’s stock worth $101,000 after purchasing an additional 2,653 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Capital Group Core Equity ETF in the 4th quarter worth approximately $105,000. Finally, Private Client Services LLC bought a new stake in shares of Capital Group Core Equity ETF in the 4th quarter valued at $200,000.

About Capital Group Core Equity ETF

The Capital Group Core Equity ETF (CGUS) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in companies believed to have the potential for appreciation and\u002For dividends. CGUS was launched on Feb 22, 2022 and is managed by Capital Group.